An Auto Salesman's Perspective
There can be many strategies to saving money when purchasing a car. A cursory look at consumer reports will give you an idea of a car?s reliability, performance and resale value. This will ensure that the car you do buy will hold up to your expectations. In order to save money on your new vehicle, you can then also look up the car's true value, using Kelly Blue Book, or even visit dealer reports to find out just what the dealer paid for the car. Certainly these strategies will help ease the often nerve-racking decision making process at the dealership, however, they may not be enough to keep the ever-lurking buyer?s remorse at bay.
For this, a separate strategy may be needed. Because even if you know what the car is really worth, and how it is rated by other customers, you may still be at the mercy of your excitement, and spend more than you want to. For some people, this can even mean financial crisis as they agree to payments they can never afford. And there is nothing worse than having to say goodbye to the car you so happily drove off with when the repo man comes.Â
So how do you prevent this? Just what does it take to avoid regretting the new car purchase? Well, more than any of the facts about the car, you have to know one very important fact about yourself. That is, how much can you really afford?Â
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Try this strategy -- before heading out the door to the dealership, or even reading reviews, sit down and budget. How much can you allocate to car payments? Once you've factored in gas, oil changes, repair bills, and insurance, decide what you can reasonably afford to pay. Avoid becoming overly excited and stretching the numbers. Instead, choose a number that leaves you some leeway. After all, if your car payment doesn't break you, it is much easier to enjoy it.Â
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Now that you have this number set, you are ready to choose the total number that you are willing to pay for your next car. After reading the reviews, and the dealer price, this should be pretty easy. But first, you will have to choose what options you want on the car, and then compare the price to similarly equipped vehicles.
Once you have both the payment you are ready to make and the total price you are willing to pay, you are ready to hit the road to your nearest dealership, and find out if they have just what you are looking for. And remember, if they don't have what you are looking for, you can always walk away. To be sure, if there is one way to prevent buyer's remorse, it is to be patient, and take your time.
Once you have both the payment you are ready to make and the total price you are willing to pay, you are ready to hit the road to your nearest dealership, and find out if they have just what you are looking for. And remember, if they don't have what you are looking for, you can always walk away. To be sure, if there is one way to prevent buyer's remorse, it is to be patient, and take your time.